The absorption rate for Hoboken decreased by another 7.5% this week as buyers continue to focus on Hoboken's amenties and proximity to New York City as a safe haven for their purchases.
Downtown Jersey's Absorption Rate slid another 28.8% this week to 72.7 weeks as buyers in downtown Jersey City hold off on purchases in the area.
Hoboken Absorption Rate Update 09/03/2010:
35.63 weeks vs. 38.49 weeks last week (7.5% decrease)
Downtown Jersey City Absorption Rate Update 09/03/2010:
72.7 weeks vs. 56.43 weeks last week (28.8% increase)
Information provided by:
Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
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